- Pancakewap (Cake) shows a bullish momentum with a 10 % increase in the day and a strong whale activity.
- Technical indicators such as EMA, Supertrend and Bollinger indicate a continuous upward trend.
Pancakewap (Cake) is heading in the upper direction, and has risen by 10 % in the past 24 hours. It increased to 59.11 % last week, the expiry of the rise. The analysis of the Cake series revealed a significant increase in whale activity, which strengthened its price.
According to the analysis platform on the series SantimPancakeswap (Cake) is witnessing the highest height of whales this week. Cake and USD symbols have seen more than 5x whale activity about 439.71 % and 407.55 %, respectively, this week compared to last week.
Moreover, the CAKE trading volume also increased by 80.14 % currently at $ 493.25, indicating an increase in trading activity. according to CMC Data, currently, the CAKE price is traded at $ 2.6015 with a 10 % increase during the day. Society seems positive as 86 % of societal feelings are optimistic.
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The price of the cake is traded beyond the EMAS for 50 days and 200 days, indicating a bullish direction. Bollinger Band also shows bullish signs where the price is traded near Bollinger Band.
SuperTrend also follows a bullish momentum on daily plans. This indicator gave a purchase signal on the daily technical graph and turned green. Since then, the price of the cake is constantly serving to higher levels.
Cake price analysis indicates an increase in buyer’s activity in the market. Moreover, the price procedure continues to make its highest levels and its highest level on graphs, indicating that the price is optimistic and has no intention to slow down.
Pancakeswap (Cake) supports the upward trend. Indications such as Bollinger Band, SuperPrend and EMA are highlighted, indicating that the bullish trend in the price of the cake may continue.
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